Property Valuation
Functional obsolescence in a South Dakota property refers to:
APhysical deterioration from wear and tear
BA loss in value due to an outdated or inadequate feature✓ Correct
CDecline in value due to nearby highway construction
DDepreciation of land value over time
Explanation
Functional obsolescence is a loss in value caused by outdated design, features, or floor plans (e.g., only one bathroom in a 5-bedroom home) that reduce the property's utility or marketability.
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